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PREPAID LEASES (Tables)

3 Months Ended

Sep. 30, 2017

PREPAID LEASES [Abstract]

Schedule of Operating Lease Further Amortization Expense [Table Text Block]

Future amortization expense will be recognizedas follows:

Twelve months ending September 30:
2018		$	474,550
2019			474,550
2020			388,398
2021			216,094
2022			216,094
Thereafter			1,965,873
Total		$	3,735,559

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- Definition

Tabular disclosure of operating lease further amortization expense for each of the five succeeding fiscal years for operating leases having initial or remaining non-cancellable lease terms in excess of one year and the total unamortized expenses to be amortized in the future under non-cancellable subleases as of the balance sheet date.

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